MetaTrader 4 platform with ECN execution – FXOpen.

Posted on Forex blog.

• Forex, CFD and futures are available for trading.
• Trading contests with real cash prizes.
• WebMoney is accepted as a payment method along with the wire transfer and credit cards.

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Read the rest of New Russian Forex Broker with MetaTrader 4 (17 words)

MetaTrader 4 platform with ECN execution – FXOpen.

Posted on Forex blog.

What’s behind the change in expectations? The answer is a combination of economics and politics. On the economic side, China’s trade surplus is much smaller than in recent years, as import growth outpaces export growth. “Double-digit annual growth in exports is all but assured in coming months due to a low base of comparison in early 2009, but…sequential growth momentum went into reverse in January, with exports down 16 percent from December.” Moreover, while GDP growth appears strong, it appears tenuously connected to exports and fixed-asset investment. In addition, if the Central Bank of China raises interest rates to counter property speculation, it will have even less room to maneuver in its forex policy if it wishes to maintain high GDP growth. In terms of politics, the CCP doesn’t want to lose a crucial bargaining chip in international relations, and it also doesn’t want to mitigate the threat to its political legitimacy posed by a prolonged economic slowdown.

On the other hand, China still desires to turn the Yuan into a global reserve currency, again both for economic and political reasons. In order to accomplish such a feat, one of the prerequisites would be dual convertibility. Financial institutions and foreign Central Banks are still extremely reluctant to hold RMB currency since it’s difficult to convert into other currencies. “Citing data from the Bank of International Settlements (BIS), it [Citigroup] said the renminbi’s share in the global foreign-exchange market turnovers was only 0.25 percent in 2007, ranked 20th in the world and fifth among Asian emerging-market currencies.” This is pretty incredible considering that China’s economy is the world’s third largest, and will only change when the exchange rate regime is loosened.

While some analysts predict that the Yuan will continue rising as soon as next month – and at least by a slight margin for 2010 – the modest pace of appreciation will ensure that China’s foreign exchange reserves continue to grow. They are currently estimated at $2.4 Trillion, and while their composition is largely a secret, analysts estimate that more than 2/3 is denominated in USD-denominated assets. Recently, there was a perception that China had begun to diversify its reserves out of Dollars, as US Treasury data indicated that its Treasury purchases had all but stopped. As it turned out, China had merely moved to conceal its purchases by conducting them through a UK Bank.

The biggest threat to the USD posed by China is not an end to the RMB peg – for such is unlikely – but rather a change in its structure. Currently, the RMB is pegged directly to the Dollar, which means that the Bank of China MUST stockpile its trade surplus in USD-denominated assets, namely US Treasury securities. If the peg were to shifted to a basket of currencies, however, it would have more flexibility in the denomination of its reserves. Until then, China’s forex policy will continue to favor the Dollar.

While you learn Forex trading, you will be able to discover yourself and will be able to find out how to handle your feelings. When you just start learning Forex trading, it is important to realize that the understanding and achieving professional trading doesn’t come from a complex trading system or strategy. Most expert traders have learned the lesson through trial and error that success in Forex trading doesn’t depend on method alone. Trading strategy is important, but it shouldn’t be a very complicated one. On the contrary, usually an easy to understand trading strategy like price action analysis is the one to create the best conditions for trading with discipline.

In order to achieve long term success in Forex trading, probably the most important factor is to develop the right mindset and gain a solid discipline while maintaining it at the same level. A lot of novice traders underestimate this fact or simply forget about it thinking that they can master Forex market with a piece of software or trading system, which claims to win 90% of the time. Most experienced traders have winning trades 60% of the time, which means they lose as well. But their secret is that they have found a way to make more money on their successful trades and lose less in failing trades. Besides, they have also learned how to maintain discipline and one of the most important aspects in maintaining discipline in Forex market is adopting an effective and reliable trading method along with understanding that all you need is wait till your next setup.

Using price action setups, you will be provided by setups of high probability and the ability to navigate the market according to pure price movement, which is the most reliable and important tool. All you need to do is master a couple of price action setups and then you will get the ability to create an effective and profitable trading method with this technique.

For those who want to participate in forex trading must start from learning the basics of currency exchange market to make sure you do not have problems with this industry.

There is another option – you can hire professional traders to do this job for you – read more about forex investment here. Also make sure to look for the info in a good forex book.

The recent blow-up surrounding the downgrade of Greece’s debt and subsequent explosion in the price of credit default swaps (which insure against default), have shined a spotlight on the fiscal problems of many of the EU’s member states, including Spain, Italy, Portugal, Ireland, and others. The situation in Japan, meanwhile, has been much more gradual, though equally dangerous: “In 1990, Japan’s total national debt load was 390% of GDP. Now it’s 460%. In the interim, the country has suffered sub-par growth and routine recessions.”

The fiscal problems of the US and UK governments as well as the debts of their citizens and companies have long been famous. For that reason, when the sick/healthy paradigm was first proposed, they were the two most obvious candidates. Having conducted some additional analysis, it’s now patently obvious that the same problems affect the EU and Japan. Given that their economies are also in weak shape, it doesn’t really make sense to group them in with the healthy currencies. Canada (and the Loonie, by extension) is also looking sickly, with its surging national debt and record budget deficits. The only reason it is being spared from the list is because of its richness in natural resources; in other words, it has something tangible that it can use to pay its debts.

Among the so-called majors, then, only the Swiss Franc, Canadian Loonie, Australian Dollar, and New Zealand Dollar get clean bills of health. A re-casting of the paradigm, then, would put the super-majors (Euro, Yen, Pound, and Dollar account for more than 75% of all foreign exchange activity) on one side, and virtually every other currency on the other. Given that national debt ratios and interest rate differentials diverge across the same boundary, it’s not hard to conjure a basis for this partition. “The IMF forecasts that gross government debt among advanced economies will continue to rise until 2014, reaching 114% of GDP, compared to just 35% for developing nations.” Adds another analyst: “If you look at currencies as a proxy for growth, then you can anticipate that emerging-market currencies will appreciate against the dollar.”

There is also a correction that is taking place within the group of sick currencies. Investors have come to realize belatedly that a Dollar sell-off doesn’t make any sense against the Euro and Yen, whose economic and fiscal situations could hardly be characterized as healthy. “Against the majors, we’re pretty close to the end, if we haven’t already reached the end of a bear market in the dollar,” asserted one analyst. Given that the Dollar’s demise had all but been taken for granted, this reconsideration isn’t coming natural. Volatility has surged to a 3-month high, and investors are responding by moving funds back to the US. Among the majors, then, it looks like the Dollar is still the “least worst” currency.

Why do so many traders use Forex robots for trading? These trading systems have the ability to analyze huge volumes of past and present market data. The winning trade prediction is made by mathematical algorithms installed in these robots. Nowadays a lot of such trading systems are available, but even though all of them claim great profits, there is still one disadvantage lacking in all Forex robots, which is consistent profits.

From the experience of many Forex traders, it doesn’t only matter what kind of automated trading system you choose, but another very important key is to set it up right. If you are able to figure out the right settings for your Forex trading system, you will get consistent wins and will ever look back in search for another trading system.

Different market conditions can influence your trading decisions to buy or stop loss. So, if you always have the same Forex robot settings, the trading results might not always be beneficial. But if you tune your settings a little bit along with the changing conditions on the market, you will be able to take more advantage of the unexpected Forex market situation. So, now it is clear that if you want to make your automated Forex trading software work to its best potential and generate a lot of profits for you, its settings should be appropriately tweaked. The trading system settings should be changed to match the present Forex market conditions.

One of the main things you should realize about all automated Forex trading systems is that they are not able to foresee the future and even if you had some past trading success with the system, it doesn’t mean the future profits are guaranteed. These trading systems are more likely to give us recommendations on different trade combinations according to the memory stored in the system. But even these recommendations might not be 100% right, because Forex market is so unpredictable. But by tweaking the settings of these automated Forex trading systems, you will have much more chances of hitting the profitable trades.

We can often see how many traders lose money on Forex market even when using some of the best automated Forex trading systems. Such Forex robots can be real money makers, but only if the trader is able to set it up according to the present market situation and tweak it a little every time the market slightly changes.

If you want to participate in forex trading must start from learning the basics of currency exchange market to make sure you do not experience problems with this industry.

There is another option – you can hire experienced traders to managed your trading account – read more about forex investment here. Also make sure to search for the knowledge in a good forex book.

Note: There is a poll embedded within this post, please visit the site to participate in this post’s poll.
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MetaTrader 4 platform with ECN execution – FXOpen.

Posted on Forex blog.

• Leverage can be as high as 1:300.
• The minimum to start trading is $120.
• Spreads fluctuate between 1 and 2 pips for the EUR/USD currency pair.
• Expert advisor database, VPS hosting for MT4 and EA Test Lab.
• Trade gold and silver in addition to traditional Forex.
• No convenient ways to deposit/withdraw money.

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Read the rest of Rather Pointless Australian Broker — Vantage FX (16 words)

MetaTrader 4 platform with ECN execution – FXOpen.

Posted on Forex blog.

• AC Trading
• eToro
• Forex Place
• RFXT
• TradeView Forex
• Windsor Brokers

It doesn’t necessarily mean that these brokers are bad or that they are scam. After all, even if the reviews were submitted by their employees that could be some enthusiastic personal initiative rather than a company’s policy. But be aware that new false reviews may appear for those brokers. Always be skeptical about the biased opinions in Forex.
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Read the rest of False Reviews of Forex Brokers (16 words)

MetaTrader 4 platform with ECN execution – FXOpen.

Posted on Forex blog.